Gary Homes under $200,000

Gary Homes under $200,000

Welcome to Gary, Indiana – a city rich in history, culture, and opportunity! Nestled in Lake County, just a stone's throw from the shimmering shores of Lake Michigan, Gary is a vibrant community that boasts a unique blend of urban charm and natural beauty. Once known as the "City of the Century" for its steel production, Gary has transformed over the years, evolving into a welcoming city that offers affordable living and a bright future.

For those seeking their dream home without breaking the bank, Gary is an excellent choice. The real estate market here features a variety of homes priced under $200,000, making it an ideal destination for first-time homebuyers, growing families, or anyone looking to invest in a promising area. From quaint bungalows to spacious single-family homes, you’ll find a range of options that cater to diverse lifestyles and preferences.

Living in Gary offers residents easy access to an array of amenities, including parks, shopping centers, and schools. The city's rich cultural scene is highlighted by local art galleries, theaters, and music festivals that celebrate the vibrant spirit of the community. Plus, with convenient transportation links to nearby Chicago, you can enjoy the hustle and bustle of the Windy City while returning to the tranquility of your Gary home.

Discover the potential of Gary, Indiana, where affordability meets opportunity. Explore the homes available under $200,000 and find your perfect piece of this dynamic community today!

Newest Gary Homes under $200,000

3866 Pennsylvania Street, Gary
$40,000
3 Beds ⋅ 2 Baths
Opportunity Awaits! Bring your vision and unlock the potential of this spacious 5-bedroom, 2-bath brick home offering over 2,000 square feet of living space! With generous room sizes, a versatile floor plan, and plenty of possibilities, this property presents an exciting opportunity for investors, rehabbers, or buyers ready to bring new life to a home with character. The main level features an enclosed front porch, expansive living and dining areas, and several improvements already underway, including updated windows, vinyl plank flooring in select rooms, fresh paint, and bathroom rough-ins. Upstairs, you'll find additional bedrooms and flexible spaces offering plenty of options to suit your needs. Whether your vision is to renovate and resell, expand your rental portfolio, or create something special, this property offers a solid starting point with room to add value. Sold strictly as-is. Cash or renovation financing only. Bring your ideas and make the most of this opportunity!

3866 Pennsylvania Street, Gary
1565 Wallace Street, Gary
$100,000
3 Beds ⋅ 2 Baths
Welcome to 1565 Wallace Street! This spacious, all-brick ranch offers over 3,000 square feet of living space and endless potential. Featuring 3 bedrooms, 2 full bathrooms, an attached 2-car garage, and a concrete back patio perfect for outdoor entertaining, the bones and structure are ready for your vision. While the home is in need of some TLC, it presents an exceptional opportunity for investors seeking a profitable turn-key project or homebuyers looking to build immediate sweat equity. Situated on a classic, picture-perfect street lined with well-maintained brick ranches, this neighborhood charm makes the investment all the more rewarding. Needing some TLC, making it the perfect candidate for a home renovator, flipper, or buyer looking to customize their dream home while adding massive equity!! Opportunities with this much space on a block like this don't come around often. Bring your contractor and your creative vision! Don't miss out on unlocking the true value of this solid Gary home--schedule your showing today!

1565 Wallace Street, Gary
1317 Dekalb Street, Gary
$93,500
3 Beds ⋅ 2 Baths
Large 3 bedroom 1.5 bath Roof, furnace and HWH about 3 years old. Needs some work. Gas and electric are ON

1317 Dekalb Street, Gary
225 W 37th Avenue, Gary
$39,900
4 Beds ⋅ 2 Baths
Opportunity for investors and renovation enthusiasts! This property offers a blank slate ready for renovation. The home has been fully gutted down to the studs, with interior demolition already completed, allowing the next owner to begin the rebuilding process. Several improvements have already been made, including a roof replacement in 2023, exterior brickwork that has been tuckpointed, a garage constructed in 2024, and a new rear deck. With demolition completed and these improvements in place, this property is ready for its next phase of renovation. Property is being sold in its current condition. Buyers are encouraged to conduct their own inspections, due diligence, and verification of property details. Schedule your showing today!

225 W 37th Avenue, Gary
4349 Carolina Street, Gary
$96,500
3 Beds ⋅ 2 Baths
3 bedrooms 1.5 bath with full basement with high ceiling. Needs some work New roof. Furnace and HWH 5 years old Utilities are ON

4349 Carolina Street, Gary
4616 Massachusetts Street, Gary
$127,900
2 Beds ⋅ 1 Baths
Welcome to 4616 Massachusetts St in Gary! This property offers a functional main level living space, with an unfinished basement and unfinished attic providing additional storage or additional living space. Enjoy the privacy of a fenced in yard perfect for outdoor gatherings, gardening or simply relaxing outdoors. Bring your vision, conveniently located near local stores, shopping , and everyday amenities, this property offers an opportunity for homeowners or investors looking to make a property their own. Don't miss the potential this home has to offer at a great price!

4616 Massachusetts Street, Gary
2408 Marshall Street, Gary
$165,000
3 Beds ⋅ 2 Baths
Charming Home with Four Additional Lots - A Great Opportunity! Discover the charm and potential of this inviting three-bedroom home! The main level features a freshly painted kitchen, a comfortable living area, three bedrooms, and a full bathroom with a tub/shower combination. Beautiful hardwood and vinyl flooring add warmth, character, and easy maintenance throughout the home. The lower level provides additional living space, including a spacious recreation room, a second full bathroom, a utility/laundry area, and plenty of storage. This versatile space offers endless possibilities for entertaining, relaxing, or creating an area that suits your lifestyle. One of the property's standout features is the inclusion of four additional lots! Enjoy the extra outdoor space or explore the potential for future expansion, development, or investment, subject to local zoning regulations. Whether you're searching for a place to call home or an investment opportunity, this property offers space, flexibility, and potential. Bring your vision and make it your own! Schedule your showing today! Property is being sold AS-IS. Virtual Staged Photos

2408 Marshall Street, Gary
2272 Pierce Street, Gary
$59,900
3 Beds ⋅ 2 Baths
3 bedroom 1.75 bath with full basement and 2 car garage. Fenced in yard and drivaway. Gas ans electric are ON.

2272 Pierce Street, Gary
1625 Rhode Island Street, Gary
$149,900
4 Beds ⋅ 2 Baths
Gary - Own this home for 1,296 for a mortgage payment to OWN your own home VERSUS whatever amount you are paying now in rent! (for those that qualify) This Beautiful Split-Level home is situated on quiet street in a wonderful area of Gary! Boasting 4 bedrooms + 2 baths this home will give everyone their own space! Upstairs you'll find a HUGE Living Room (with hardwood floors underneath the carpet) right off of the Spacious Eat-in Kitchen with Backyard access so grilling is made simple! Lower level has another Comfortable Recreation Room which is perfect for entertaining! Attached Garage will keep the snow off the vehicle this year! Fenced in Backyard allows for outdoor fun all year round! See this one before you buy the other one!

1625 Rhode Island Street, Gary
3621 Polk Street, Gary
$85,200
2 Beds ⋅ 1 Baths
Brick 2 bedroom 1 bath with full basement. Large fenced in backyard and 2 car garage. New roof on the house.

3621 Polk Street, Gary
1759-61 Garfield Street, Gary
$24,900
3 Beds ⋅ 1 Baths
3 bedroom 1 bath with full basement and 2 car garage. Needs work

1759-61 Garfield Street, Gary
322 Clark Road, Gary
$30,000
2 Beds ⋅ 1 Baths
Investment opportunity in Gary! This 2-bedroom, 1-bath raised ranch has been gutted and is ready for rehab, with replacement windows and a newer rear porch already in place. Located near the South Shore Line with convenient access to Chicago, this property offers potential for a buy-and-hold investment or resale after renovation. Includes a basement, yard, and driveway. Seller is willing to sell siding and remaining renovation materials with the home; terms to be negotiated. Seller welcomes offers! Property is being sold as-is.

322 Clark Road, Gary
Start Your Search

Updated . Information deemed reliable but not guaranteed.